The rupee gained four paise at to 61.68 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of the US currency by exporters and banks amid sustained capital inflows.

Traders said besides selling of the American currency by exporters and banks, continued foreign fund inflows helped the local currency to strengthen, but the dollar's gains against rivals overseas and a lower opening in the domestic equity market capped the rupee's rise.

Meanwhile, the benchmark BSE Sensex fell 54 points, while the Nifty declined 18 points in early trade. Check rupee rates against the dollar here

With inputs from PTI